The amount of land you can buy with a VA loan depends on several factors, including the lender's requirements, VA loan limits, and your financial situation. Here are some key points to consider:

  1. VA Loan Limit: The VA doesn't set a specific limit on the amount of land you can purchase with a VA loan. However, VA loans do have limits on the amount they can guarantee. As of my last update, VA loan limits vary by county and can change annually. You can check the current limits on the VA website or consult with a VA-approved lender for the most up-to-date information.

  2. Loan-to-Value Ratio: VA loans typically require a down payment, but the amount can vary based on the lender's requirements and your financial qualifications. Generally, VA loans allow for a higher loan-to-value ratio compared to conventional loans, meaning you may be able to finance a larger portion of the purchase price without a substantial down payment.

  3. Land Use: Lenders may have specific requirements regarding the type of land you can purchase with a VA loan. For example, the land may need to be suitable for residential purposes, and there may be restrictions on agricultural or undeveloped land.

  4. Additional Costs: Keep in mind that purchasing land may involve additional costs beyond the purchase price, such as survey fees, closing costs, and any site preparation or development expenses. Make sure to factor these into your budget when determining how much land you can afford to buy with a VA loan.

Ultimately, the specific amount of land you can purchase with a VA loan will depend on your individual circumstances, including your credit history, income, debt-to-income ratio, and the requirements of the lender you choose to work with. It's advisable to consult with a VA-approved lender to discuss your options and determine how much land you can realistically afford to purchase with a VA loan.